Ancestry.com (ACOM) 1Q FY’2011 Financial Results and New $125M Share Repurchase Program
A family tree, or pedigree chart, is a chart representing family relationships in a conventional tree structure. Family trees are often presented with the oldest generations at the top and the newer generations at the bottom — I’m Christina Collins with CRWE Newswire — Today’s company highlight is Ancestry.com Incorporated trading with the symbol ACOM —- Ancestry.com is the world’s largest online resource for family history— The company has helped pioneer the market for online family history research, taking a pursuit that was expensive and time-consuming and making it easy, affordable and accessible to anyone with an interest in their family history— The foundation of its service is an extensive collection of billions of historical records that Ancestry.com has digitized, indexed and put online over the past 14 years— These digital records and documents, combined with Ancestry.com’s proprietary online search technologies, tools and collaboration features, have enabled its more than one million subscribers to create over 20 million family trees, profile over 2 billion family members, and make meaningful discoveries about the lives of their ancestors—Ancestry.com recently reported financial results for the quarter ended March 31, 2011 — First Quarter 2011 Financial Highlights include– Total revenues for the first quarter of 2011 were .0 million, an increase of 41.3% over revenues in the same period 2010, driven by growth in its core Ancestry.com Web sites …
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